The excitement surrounding a Binance Kaspa listing comes on the heels of a less-than-stellar listing on Kraken, prompting many to shift their focus to Binance and ponder, “Will Kaspa be listed on Binance?”
While no official announcement has been made, several developments suggest a Binance Kaspa listing could be on the horizon.
Binance made an initial move on the Kaspa coin a year ago by announcing futures trading. While this was a positive sign of recognition, the community is eager for a spot trading option, which offers more flexibility and liquidity.
In August 2024, Binance took a significant step by launching a Kaspa coin mining pool, this allows users to mine Kaspa directly through the Binance platform, creating an ecosystem that could lead to a spot listing.
Analyst Predicts Binance Kaspa Listing Using Historical Patterns
A crypto analyst with a YouTube channel known as Tashi pointed to Historical trends that provide a framework for anticipating the timeline of Binance Kaspa’s listing. Coins such as CFX, RVM, and Flux have followed a similar path on Binance: first establishing a mining pool, then introducing mining incentives, and ultimately receiving spot listings.
For instance, CFX saw its mining pool introduced in late 2022, followed by its spot trading listing just weeks after the mining incentives were launched.
With the introduction of the Kaspa mining pool and the recent incentives, Binance is likely to acquire Kaspa coins steadily.
The rewards miners receive are deposited into their funding wallets on the Binance platform, hinting at an impending spot listing.
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As more users engage in mining, Binance’s holdings of Kaspa will grow, setting the stage for a future trading option.
The analyst based his predictions on historical data, stating it is common for proof-of-work coins to receive spot listings weeks or months after mining incentives begin. If this pattern holds, the Binance Kaspa listing could be expected by late December 2024 or early January/February 2025.
